7322 Highway 490East BernstadtKY40729
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in East Bernstadt at 7322 Highway 490, East Bernstadt, KY, 40729 uses $62,654 cash to close to unlock $6,741/yr annual cash flow and $562/mo monthly cash flow. Total monthly income runs $1,712/mo, and a $925/mo payment keeps the spread at $562/mo. Purchase price stands at $189,000, and rental yield measures 10.87% with $1,712/mo rent. Return on cash invested shows 30.67% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 160.42% and total cumulative return in cash records $100,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,712/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1940
3.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40729, East Bernstadt, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,494 (100%) |
| Owner Occupied HU | 1,838 (73.7%) |
| Renter Occupied HU | 423 (17.0%) |
| Vacant Housing Units | 233 ( 9.3%) |
| Median Home Value | $157,031 |
| Average Home Value | $170,039 |
Housing Distribution
Address Breakdown
Residential
2,315
Single Family
2,314
Multi-Family
1
Businesses
74
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Listed by: Darren J Brown • Reliance One Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25012953
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.